We were just about to sign contracts for a garden flat in Goddington. We encountered a problem. The mortgage offer with Lloyds TSB Bank runs out on 8/12/2025 but the owners are suggesting a completion date of 10/12/2025. Is it possible to extend the loan expiry date?
The person best placed to deal with your question is your lawyer who will calculate whether he or she is should be discussing with the mortgage company, seller’s solicitors, property agents or indeed all three given the circumstances your house move to date.
Me and my partner are purchasing a house in Goddington. I might seem paranoid but how we can trust a conveyancer? On the day of competition we will need to send our life savings into their account. What protection do we have from them run away with our money?
Be assured that all money in a Solicitors client account is 100% safe, and even if your Solicitor ran off with it, the Law Society would reimburse you fully.
When it comes to mortgage companies such as Virgin Money, do Goddington conveyancers incur an annual charge to be on the list of approved solicitors?
We are unaware of any mortgage company fees to be on their panel, although some do charge an administration charge to deal with the processing of the conveyancing panel application.
I had a mortgage agreed in principle with Bank of Ireland. Goddington conveyancing practitioners are selected. What is the average time that one could expect to receive a mortgage offer from Bank of Ireland?
Some lenders take longer than others. Have Bank of Ireland conducted the valuation? Have you informed Bank of Ireland as to your lawyers' details and checked that your lawyers are on the Bank of Ireland conveyancing panel? It is not unusual for a mortgage offer to take a month to come through.
It has been 4 months following my purchase conveyancing in Goddington completed. I have checked the Land Registry website which shows that I paid £200,000 when infact I paid £215,000. Why the discrepancy?
The price paid figure is taken from the application to register the purchase. It is the figure included in the Transfer (the legal deed which transfers the asset from one person to the other) and referred to as the 'consideration' or purchase price. You can report an error in the price paid figure using the LR online form. In most cases errors result from typos so at first glance the figure. Do report it so they can double check and advise.
I decided to have a survey completed on a house in Goddington ahead of retaining conveyancers. I have been informed that there is a flying freehold element to the house. Our surveyor has said that some lenders may not give a loan on this type of premises.
It varies from the lender to lender. Lloyds has different requirements from Nationwide. Should you wish to telephone us we can check via the relevant bank. If you lender is happy to lend one our lawyers can help as they are used to dealing with flying freeholds in Goddington. Conveyancing may be slightly more expensive based on your lender's requirements.
Hoping to buy a property located in Goddington and I am already nervous. I couldn't find anything specific about Goddington. Conveyancing will be needed in due course but do you know about the Goddington area? or perhaps some other tips you can share?
Rather than looking online forget looking online you should go and have a look at Goddington. In the meantime here are some basic statistics that we found
I work for a reputable estate agent office in Goddington where we see a number of leasehold sales put at risk as a result of leases having less than 80 years remaining. I have received conflicting advice from local Goddington conveyancing firms. Please can you shed some light as to whether the owner of a flat can initiate the lease extension process for the purchaser on completion of the sale?
Provided that the seller has owned the lease for at least 2 years it is possible, to serve a Section 42 notice to start the lease extension process and assign the benefit of the notice to the purchaser. This means that the buyer can avoid having to wait 2 years for a lease extension. Both sets of lawyers will agree to form of assignment. The assignment needs to be completed before, or at the same time as completion of the sale.
An alternative approach is to extend the lease informally by agreement with the landlord either before or after the sale. If you are informally negotiating there are no rules and so you cannot insist on the landlord agreeing to grant an extension or transferring the benefit of an agreement to the purchaser.
Following months of correspondence we simply can't agree with our landlord on how much the lease extension should cost for our flat in Goddington. Can we issue an application to the Residential Property Tribunal Service?
You certainly can. We are happy to put you in touch with a Goddington conveyancing firm who can help.
An example of a Lease Extension decision for a Goddington residence is 1 Southlands Court Southlands Road in September 2013. The Leasehold Valuation Tribunal determined that the premium to be paid by the tenant on the grant of a new lease, in accordance with section 56 and Schedule 13 of the Leasehold Reform, Housing and Urban Development Act 1993 was £30,541 This case was in relation to 1 flat. The unexpired lease term was 50.57 years.